Down Payment Assistance Programs in Texas: What You Need to Know
mortgage tips
Down Payment Assistance Programs in Texas: What You Need to Know
Down Payment Assistance Programs in Texas
One of the biggest barriers to homeownership is the down payment. But here's the good news:Texas offers several programs that can help cover your down payment and closing costs.
Popular DPA Programs
TSAHC (Texas State Affordable Housing Corporation)
Offers grants and forgivable loans for eligible buyers.
TDHCA (Texas Department of Housing and Community Affairs)
Provides down payment and closing cost assistance.
City-Specific Programs
Many DFW cities offer their own assistance programs.
How Much Do You Actually Need?
FHA Loans: 3.5% down
Conventional: As low as 3% down
With DPA: Potentially $0 out of pocket
Who Qualifies?
Eligibility depends on income limits, purchase price, credit score, and buyer education. Many first-time buyers qualify!
Contact M&I TX Home Team to check your DPA eligibility.
